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BRIEF-Lookers buys Knights North West Ltd for 27.2 mln stg
August 22, 2016 / 8:41 AM / a year ago

BRIEF-Lookers buys Knights North West Ltd for 27.2 mln stg

Aug 22 (Reuters) - Lookers Plc :

* Acquisition of Knights North West Limited

* Has acquired Knights North West Limited, for 27.2 mln stg in cash

* Acquisition introduces BMW and MINI to company’s portfolio of prestige brands for first time, and further expands its motor division in West Midlands

* Acquisition is being funded from company’s existing bank facilities

* Acquisition is expected to be earnings enhancing for year ending December 31 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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